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FBR to Audit Retailers, Real Estate Taxpayers

The Federal Board of Revenue (FBR) has decided to audit retailers and real estate taxpayers who filed their income and sales tax returns.Sources told ProPakistani that FBR has made a new strategy against tax evaders and under this, the tax department …

Government is Aiming to Reduce Edible Oil Imports of $5 Billion

An official meeting of the federal government and Punjab province convened on Friday to deliberate on reducing the nation’s edible oil import expenditure while bolstering the production of oil-based products.Chaired by Federal Minister for Commerce and…

World Bank Thinks Pakistan is Still Not Taxing People Enough

The World Bank in its latest ‘Pakistan Development Update’ has recommended more taxes on the salaried class as a prelude to broadening the tax base and restoring fiscal responsibility.Within salaried individuals, the income tax exemption threshold (&lt…

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